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Gunvor Focuses on U.S. Expansion, Selling Rotterdam Terminal -CEO
(Tuesday, March 28, 2017) Trading house Gunvor will keep its focus on expansion in North America where it will establish trading across energy products, including gas, its chief executive said on the sidelines of a conference in Switzerland.
New UK Rules to Partly Exempt Some Heavy Industries from Renewables Scheme
(Tuesday, March 28, 2017) The measures will exempt around 130 energy-intensive companies in Britain in sectors such as steel, chemicals, glass and cement, from some of the costs passed on from the government's Contracts-for-Difference (CfD) scheme.
Russia to Cut Oil Exports from Primorsk by 12 Pct in 2017 - Transneft
(Tuesday, March 28, 2017) Russia will reduce Urals oil exports from the Baltic Sea port of Primorsk by around 12 percent to 44 million tonnes (884,000 barrels per day) this year due to using some of the pipeline capacity for shipments of diesel, Transneft said.
COLUMN-Market Share or Higher Prices? The Saudi, Russia Oil Dilemma
(Tuesday, March 28, 2017) The world's top two oil exporters appear to be chasing both higher crude prices through their curbs to production and market share by increasing exports, at least in Asia, the world's biggest crude importing region and the fastest growing.
Italian Police Disrupt Protest to Prevent Olive Grove Removal
(Tuesday, March 28, 2017) Italian police broke up a protest by environmentalists trying prevent the removal of a grove of olive trees dating back centuries standing in the way of a $40 billion pipeline to bring Asian gas to Europe.
Poland Considers Building Floating LNG Terminal By 2021
(Monday, March 27, 2017) Poland is considering building a second liquefied natural gas(LNG) terminal on the Baltic Sea by 2021.
Dow-DuPont Deal Wins Conditional Antitrust Approval From EU
(Monday, March 27, 2017) Dow Chemical Co. and DuPont Co. won European Union approval for a $77 billion merger, overcoming regulators' concerns with hefty concessions, including the sale of large parts of DuPont's global pesticide business.
German Industrial Plant Builders Report Lowest Orders Since 2004
(Monday, March 27, 2017) German manufacturers of large industrial plants reported a 12-year low in new orders for 2016 as the weak oil price held back demand in the Middle East while Germany's move to renewable energy wiped out demand for conventional electricity generation.
Italian Court Gives Green Light to Contested TAP Pipeline
(Monday, March 27, 2017) The Trans Adriatic Pipeline (TAP), the end piece of the $40 billion Southern Gas Corridor, is slated to bring 10 billion cubic metres of gas from Azerbaijan into the small Italian seaside town of San Foca in Puglia by 2020.
Production at Russia's Sakhalin-2 LNG Plant Suspended
(Monday, March 27, 2017) Production of LNG at Sakhalin-2 LNG plant was suspended on Sunday after an accident at one of production platforms, a spokeswoman for Sakhalin Energy, which operates the plant, said on Monday.
Study Like a CEO: Universities Attended by Europe's Top Oil, Gas Execs
(Friday, March 24, 2017) Where, and what, did the CEOs of some of Europe's top oil and gas companies study?
Vitol Reports Record Volumes as Gasoline Trade Booms
(Friday, March 24, 2017) Vitol's annual traded volumes rose 16 percent in 2016 to a new record as the world's largest independent energy trader sold more gasoline and diesel in markets such as the United States and Australia.
Report: Hiring Managers See Salaries Stagnating or Decreasing in 2017
(Thursday, March 23, 2017) The majority of hiring managers in oil and gas see salaries as either remaining stagnant or decreasing within the next 12 months, according to the first Global Energy Talent Index (GETI).
Gasoline Floats Outside Europe as Traders Bet on Profit Spike
(Thursday, March 23, 2017) Cargoes of floating gasoline are building off the shores of Europe as margins hold near their lowest level seasonally since 2009, traders and market sources told Reuters.
German Scientists Test World's 'Largest Artificial Sun'
(Thursday, March 23, 2017) Scientists in Germany are testing what they describe as "the world's largest artificial sun," which they hope could pave the way toward creating hydrogen to use as a green fuel.
Wintershall Says Ready To Continue Supporting Nord Stream 2
(Wednesday, March 22, 2017) Wintershall is still looking for ways to support the Nord Stream 2 pipeline project.
Poland to Cap Gas Imports from Single Source at 70 Pct from April
(Wednesday, March 22, 2017) Poland plans to cap gas imports from a single source at 70 percent of overall supplies from April, and reduce that to a third by 2023 as it seeks to cut dependence on Russia and comply with EU law, the energy ministry said.
Centrica CEO's Annual Remuneration Package Rises Nearly 40 Pct
(Wednesday, March 22, 2017) Iain Conn, chief executive of Britain's largest energy supplier Centrica, received a nearly 40 percent rise in annual remuneration to more than 4 million pounds, the company's yearly report showed on Wednesday.
Wood Group Aims to Grow Employment in Long-Term Following Amec Deal
(Tuesday, March 21, 2017) Wood Group refuses to provide any detail on potential job losses as a result of its decision to buy Amec Foster Wheeler, but insists that its aim is on growing employment in the long term.
Russia Hydrocracker Unit Project Goes to CB&I
(Monday, March 20, 2017) CB&I has won an approximately $460 million contract in conjunction with NefteGazIndustriya, LLC's expansion of its Afipsky Oil Refinery in Krasnodar, Russia, CB&I announced Monday.